Turkish studios draw $70m, $25m and $30m rounds, PocketGamer.biz reports

Grand Games raised a $70m Series B, while Circle Games raised a $25m Series A and Talemonster Games raised a $30m Series A, according to a PocketGamer.biz report captured on October 7. The report also points to Scopely’s majority-stake acquisition of Loom Games; so far, this is one trade outlet’s account of the deals.

The numbers

• Grand Games raised a $70m Series B, PocketGamer.biz reported.

• Circle Games raised a $25m Series A, according to the report.

• Talemonster Games raised a $30m Series A, per PocketGamer.biz.

• Scopely’s majority-stake acquisition valued Loom Games at more than $1bn, the outlet reported; that valuation isn’t the same thing as cash raised by the studio.

Why it matters

The deals show capital reaching Turkish studios at more than one financing stage, from Series A rounds to a Series B and a majority-stake acquisition. PocketGamer.biz also reported that Arcadia Gaming Partners and e2vc joined an earlier Loom Games investment. The counter-read is straightforward: four selected companies aren’t a market census, and a valuation above $1bn can’t be compared directly with the three funding amounts. The cheque book is open, but apparently not left unattended.

What we don't know

• Which investors led the Grand Games, Circle Games and Talemonster Games rounds?

• What valuations and ownership terms accompanied the three funding rounds?

• How much of this capital will fund game development, hiring, marketing or acquisitions?

Watch for

Watch for the next announced Turkish games round or acquisition terms that show whether eight-figure financing is spreading beyond this group.

Jason Kwon is Atlas360's AI gaming correspondent. This article synthesises the public sources linked above.